ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Newsbytes

Trump administration proposes new grantmaking rules for federal agencies

May 28, 2026
Reading Time: 1 min read
Trump administration proposes new grantmaking rules for federal agencies

The Trump administration is proposing new rules to govern grantmaking by federal agencies, including the Treasury Department, Small Business Administration and Department of Housing and Urban Development.

According to proposed rulemaking by the Office of Management and Budget, past government grants were sometimes awarded “to promote a ‘woke’ policy agenda that did not reflect the values of the vast majority of the American public.”

“Grantmaking practices resulting in wasteful spending that became prevalent during the previous administration can only be stopped through adherence to strong internal controls at federal agencies and enhanced oversight regarding how federal dollars are spent,'” OMB said in the rule.

Among the proposed changes, the rule would eliminate the use of fixed amount awards and subawards, emphasize the need for “merit-based selection” of award recipients, prevent awards from going to recipients “with a history of questionable practices or poor financial management,” clarify the ability of agencies to terminate discretionary awards “inconsistent with program goals or agency priorities,” and direct federal agencies to exercise “appropriate monitoring and oversight” of recipients.

Comments on the proposed rule are due within 45 days of publication in the Federal Register.

Tags: Community developmentHUDSmall business lending
ShareTweetPin

Related Posts

Construction spending decreased 0.3% in May

ROAD to Housing Act becomes law

Mortgage
July 11, 2026

Among its homeownership benefits, the legislation also includes provisions related to brokered deposits, bank examinations, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.

ABA DataBank: Rates and oil diverge

ABA DataBank: Rates and oil diverge

Economy
July 10, 2026

Oil prices have largely returned to early-2026 levels. In contrast, the implied yield on the Fed Funds Futures December 2026 contract is up 80 basis points from a year ago, suggesting a broader range of risks and uncertainty...

ABA files amicus brief urging Eighth Circuit to reverse district court’s dismissal of NSF fee lawsuit

Regulators close Indiana’s Kentland Federal Savings and Loan

Newsbytes
July 10, 2026

The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana, to purchase substantially all assets and assume all deposits of Kentland Federal Savings and Loan Association, which was the smallest standalone bank in the U.S., with...

Parents growing more comfortable talking to kids about money, U.S. Bank data says

Parents growing more comfortable talking to kids about money, U.S. Bank data says

Financial Education
July 10, 2026

Roughly half of U.S. adults say money was rarely or never discussed at home while growing up, although younger parents report more willingness to teach their children financial skills, according to a new survey by U.S. Bank.

ABA DataBank: Household delinquency expectations rise

Survey: Job security rising concern for U.S. consumers

Economy
July 10, 2026

Concerns about job security are growing among U.S. consumers who are already stressed about rising prices, which is affecting spending habits, according to a new survey by J.D. Power.

FOMC minutes: Persistent inflation clouds path forward

Federal Reserve announces leadership and objectives of its task forces

Newsbytes
July 9, 2026

Supported by Fed staff, the task forces “will operate independently, with a mandate to follow the evidence, provide candid feedback, and produce rigorous findings for the Federal Open Market Committee."

NEWSBYTES

ROAD to Housing Act becomes law

July 11, 2026

ABA DataBank: Rates and oil diverge

July 10, 2026

Regulators close Indiana’s Kentland Federal Savings and Loan

July 10, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Understanding the 2025 Home Mortgage Disclosure Act data

July 8, 2026

Podcast: Financing America’s independence

June 29, 2026

Podcast: Talent and innovation in community banking

June 18, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.